Franchise

Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

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Franchise Players: Why This Serial Entrepreneur Became a Johnny Rockets Franchisee

Five years ago, Marriette Simoni brought her experience as a real estate and luxury brand entrepreneur to the Johnny Rockets franchise.

6 Essential Traits of Successful Entrepreneurs

Are you ready to take the plunge and run a franchise business?

Chicken Craze Continues as Wingstop Plans IPO

Chicken-wings chain Wingstop is plotting a $100 million IPO, according to reports.

Dunkin' Brands: Hitting 2014 Sales Goals Won't Be Easy

The parent company of Dunkin' Donuts and Baskin-Robbins reported a better-than-expected quarterly profit, but said hitting annual sales targets will be a challenge.

Franchise Players: I Became a Franchisee Fresh Out of College

Chris Drucquer became a franchisee soon after graduating college. Twenty-two years later, he says he’s just getting started.

The 'Smart Slice' Is Coming: 5 Fast-Food Trends for 2015

From Taco Bell to Dunkin Donuts, fast-food giants are innovating heavily as they look to take a bigger bite of the market.

Iced Coffee Too Cold to Hold? Dunkin' Franchisees Have Final Say on 'Double Cupping.'

Individual franchisees can decide whether to charge customers for putting a foam cup around a plastic cup of iced coffee.

Franchise Players: Why This Entrepreneur Invested in a Trampoline Park Franchise

Phil Stoops found a career as a Sky Zone franchisee after two decades in corporate America.

McDonald's Profit Plunges 30 Percent as Traffic Continues to Fall

The fast-food giant is struggling to retain customers domestically and abroad.

To Franchisees, McDonald's Arches Aren't Looking So Gold

Slipping sales, negative momentum and ‘zero creativity’ has franchisees worried, a new survey says.

Does the Franchise Industry Have a Turnover Problem?

For every 10 new franchises that open in the U.S., nine close, according to a new report.

Franchise Players: A Former Cop Takes On Running a Cleaning Franchise

This former police officer went from working in a former war zone in Bosnia to running a Merry Maids franchise.

Franchise Players: How Being Forced to Fire Myself Led to My Career in Franchising

After losing his job on his second day in a new city, Connor Ferguson found a new career in urgent care franchising.

There's Lots of Free Help for Choosing and Funding the Right Franchise Opportunity

Franchises have the allure of a ready-made business but it's more complicated than that.

At Jimmy John's, Sandwich Makers Have to Sign a Noncompete Agreement

Noncompete agreements are often reserved for executives. Why, then, does this sandwich chain ban entry-level workers from working for competitors for two years?

Franchise Players: Why I Became a Franchisee at 40

Lynne Lawson always wanted to be an interior decorator. When she turned 40, she decided it was finally time to leave her career as an IBM exec and take the plunge.

Why Franchisees Don't Use Digital Advertising

A new study reveals that local affiliates' top reason for avoiding social media and digital advertising is because they are 'too complicated.'

Franchise Players: Why This Pastor Quit the Ministry and Became a Franchisee at 43

Seeking a new chance to be directly involved in others' lives, Page Cole made the career switch from minister to senior care franchisee.

Dessert, Re-Designed

American food franchises are offering treats that satisfy refined tastes.

Franchise Players: Investing in a Unique Healthcare Franchise

In three years, OsteoStrong has gone from zero to commitments for 500 units in nine states. Here's why this couple signed on to the franchise.

Franchise Players: I Went From Franchisor to Retiree to Franchisee

When Kurt Kittleson came out of retirement, it was to become the franchisee of a brand he knew very well: the company he founded decades earlier.

Franchise Players: How This Seasoned Franchisee Revived 3 Struggling Baskin-Robbins Locations

Just one year after Binoy Kothari bought three underperforming Baskin-Robbins, he was able to turn a profit. Now, he's buying more.

The Dirty Little Secrets Lurking in Your Franchise Contract

A real estate professional with multiple offices discovers critical terms of her business arrangement the hard way.

Franchise Players: A Former JAG Officer on Finding the Right Fit

Lorna Ross knew she wanted to run her own business. With the help of a franchise consultant, she was able to become a ShelfGenie franchisee with confidence.

California Governor Vetoes Bill That Would Expand Franchisee Rights

Franchisors and franchisees are divided over the veto of a California bill that would make it more difficult to terminate franchise agreements.
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Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
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